Braking News: Brembo to temporarily lay off 1,800
With fewer cars being produced and sold, automotive suppliers face the same challenges as automakers. Italy's Brembo, producer of some of the most delectable braking hardware, will be laying off more than 1,800 workers to cope with a fourth quarter loss. The cuts will more closely align Brembo's production with newly decreased demand, and will affect workers at Brembo's locations in Italy, Mexico, and Poland. There is a government/industry fund that Brembo wishes to tap to help pay for the layoffs, though the cuts may be for a longer term than "temporary" implies. Brembo's orders have fallen drastically, and signs of recovery have yet to materialize.
[Source: Automotive News - Sub. Req.]
Reader Comments (Page 1 of 1)
Trent 5:48PM (2/16/2009)
i see what you did there.
Reply
Pengwin 5:49PM (2/16/2009)
they're clever eh?
James 6:17PM (2/16/2009)
Brembo sales must be "screeching to a halt"...
Farris 7:27PM (2/16/2009)
Probably the big-wigs trying to "pad" their wallets.
...no, that doesn't quite work, either.
Steven 6:00PM (2/16/2009)
This is such sad news, I'm going to brake down and cry
Reply
jinsei888 6:00PM (2/16/2009)
2-pot ftw!
Reply
Phil Perman 6:05PM (2/16/2009)
Its a shame to hear about layoffs from a company of such... caliper? Nah, doesn't quite work
Reply
Michael 6:29PM (2/16/2009)
I'd still give it to you, haha.
mm1071536 6:15PM (2/16/2009)
They are going to need to hire those people back to fill the demand from Hyundai , after the Genesis coupe comes out.
Reply
Michael 6:29PM (2/16/2009)
I love you guys.
Reply
Axis 8:00PM (2/16/2009)
Hope this "brake" doesn't cause them to "fade".
Reply
irieblue 11:17AM (2/17/2009)
It's no wonder they are going out of business. $5000 for an aftermarket Big Brake Grand Turismo upgrade . Glad I didn't go for one afterall..
Reply
Matt W 12:27AM (2/17/2009)
They must be bleeding money.
Reply
Aki 2:58AM (2/17/2009)
Need to stop with all the braking puns and pot-shots, else people will just glaze over the news.
Reply
Zlimness 4:05AM (2/17/2009)
It seems like even Brembo has reached its breaking point.
Reply
Scott K. 5:53AM (2/17/2009)
This news is so hot our puns can't stop!
Reply
Michael Denham 10:48AM (2/17/2009)
Haha, thanks for the puns guys, you just made me brake down and cry with laughter!
Reply
Tourian 11:34AM (2/17/2009)
They're just going to have to put on their big boy shoes, clamp down on all their losses, march to the beat of different drum, and turn over a new leaf to get things right again in this warped economy.
Reply